Forumsee logo
Forumsee » Finance and investment » Personal Finance » Read message
RSS: Subscribe to RSS

Form U5498-FMV

Investing & Banking Forum - Saving Advice - www.savingadvice.com
Last year we put Roth IRA money in to CDs. We got forms from the financial institution showing Fair Market Value (FMV) on Dec 31, 2012. The FMV is less than the account balances.

Is that because if we were to cash out the CDs, we would pay a penalty in the form of lost interest?

I did an internet search but did not find an answer.

If none of you brilliant SA forum members know the answer, I will call the financial institution on Monday.
Date: Feb 3, 2013   


Last videos:

CBS News Alert: How to spot an ATM credit card skimmer.
CBS News Alert: How to spot an ATM credit card skimmer.
Dave Ramsey says don't use credit cards, even if you pay them off
Dave Ramsey says don't use credit cards, even if you pay them off
Best albums of 2017
Best albums of 2017
Best albums of 2017
Best albums of 2017
Anton Kreil
Anton Kreil
Asking for discounts
Asking for discounts
Financing the American Family
Financing the American Family
Being a Boglehead
Being a Boglehead

Cars ·
Travel ·
Pets ·
production-frontend